Monday: Wall Street kicked off the holiday-shortened week with strong gains, as investors reacted positively to President-elect Donald Trump’s pick for Treasury Secretary, Scott Bessent. The Dow surged 1.0%, while the S&P500 and Nasdaq both rose 0.3%.

Tuesday: The positive momentum continued with all three major indices closing higher, as investors awaited the release of the Personal Consumption Expenditures (PCE) data. The Dow rose 0.3%, the S&P500 gained 0.6%, and the Nasdaq picked up 0.6%.

Wednesday: The release of the PCE data, which came in as expected, sparked concerns over inflation and interest rates. This caused the market to pull back, with the Dow dipping 0.3%, the S&P500 falling 0.4%, and the Nasdaq declining 0.6%.

Friday: After Thursday’s market closure for Thanksgiving, Wall Street regained momentum, led by technology and retail stocks. The Dow increased 0.4%, the S&P500 added 0.6%, and the Nasdaq rose 0.8%. All three major indices saw week-over-week gains, and the month of November ended on a positive note with all indices finishing higher.

Conclusion: Despite the mid-week volatility, the major indices closed the week on a high, reflecting strong performance throughout the month of November.

Stay tuned for our video forecast on the week ahead, where we’ll provide insights and predictions to help navigate the ever-changing landscape of the stock market. 

Time Is Money: The Week ahead in Under 5!

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